ConstitutionDAO (PEOPLE) Price Prediction 2024-2030: Will PEOPLE Price Hit $1 Soon?

• The price of PEOPLE might continue its increase, and possibly rise to $0.20 in 2024.
• Analysis showed that the price of the token might drop to $0.085 in 2027.
• By 2030, PEOPLE’s price might increase and hit $1.43.

Hardly would you find tokens that have consistently performed well this year. But for PEOPLE, the native crypto of ConstitutionDAO, that has been the case.

No, it’s not that major developments have occurred for the network. However, with a low market cap and growing community number, PEOPLE had maintained an impressive increase.

One question is if the token will continue this good performance in years to come. As this question arises, Coin Edition examines the price prediction from 2024 to 2030.

ConstitutionDAO (PEOPLE) Real Time Market Status

What is ConstitutionDAO (PEOPLE)?

ConstitutionDAO started a disruption for a group to buy a copy of the U.S. Constitution. In doing this, the Decentralized Autonomous Organization was able to raise $40 million in Ethereum (ETH) but the funds were later refunded.

The average donation as of that time, was $206. However, the project later went all in on cryptocurrencies using the template of grassroots movements like GameStop (GME) to build its ecosystem.

Later on, ConstitutionDAO was able to get its hands on the U.S. Constitution. After it announced it on X (formerly Twitter), members of the community on Discord jumped from 7,000 to over 20,000 in less than a week.

The DAO is not secured by the Proof-of-Stake (PoS) or Proof-of-Work (PoW) consensus mechanism. Instead, the project uses a non-profit owned by the DAO’s Limited Liability Company (LLC) to protect its network.

PEOPLE Current Market Status

As of this writing, PEOPLE’s price was $0.0625. This was a 38.65% increase in the last 24 hours. While the price spiked, the trading volume also increased, registering an 186.12% jump within the same period.

PEOPLE’s volume at press time was $471.60 million. Its market cap was $317.78 million. In terms of the maximum supply, Coin Edition noticed that it was the same as the total supply and number of tokens in circulation. 

This was 5.06 billion tokens. PEOPLE is listed on Binance, OKX, Bybit, KuCoin, and some other exchanges. You can also buy the token on Uniswap V3 and 0x Protocol. 

ConstitutionDAO (PEOPLE) Price Analysis

PEOPLE’s price increase in the last 24 hours has gotten the attention of the broader crypto market. However, it is not in all cases that a price increase represents a cue to buy a token. This is one of the reasons that analysis is important. Thus, in this segment, Coin Edition looks at the price prediction of PEOPLE from 2024 to 2030 from a technical perspective. 

ConstitutionDAO (PEOPLE) Price Analysis – Bollinger Bands

PEOPLE’s price has been increasing since bulls spotted support at $0.042. The price increase was also accompanied by a rise in volatility. This was indicated by the Bollinger Bands (BB).

At press time, the bands expanded with the upper band of the indicator touching PEOPLE at $0.062. This position meant that the token was overbought, and the next thing for the price could be a decrease to $0.050. That might be the case if traders start to book profits.

ConstitutionDAO (PEOPLE) Price Analysis – Relative Strength Index (RSI)

As of this writing, the Relative Strength Index (RSI) was above 70.00, indicating that the cryptocurrency was overbought. Like the signals from the Bollinger Bands, the next step for PEOPLE could be a decline.

However, if buying pressure increases, the price might attempt to reach $0.065. However, failure to improve the momentum might cause a retracement that could bring the token below $0.55 in the short term.

ConstitutionDAO (PEOPLE) Price Analysis – Moving Average Convergence Divergence

On the 4-hour timeframe, the Moving Average Convergence Divergence (MACD) showed that PEOPLE’s momentum was bullish. This was evident from the green histogram forming higher highs on the chart.

Also, buyers were outpacing sellers as indicated by the position of the 12 and 26 EMAs. With this position, PEOPLE’s price might extend higher before the token possible retrace.

ConstitutionDAO (PEOPLE) Price Prediction 2024

In 2024, the price of PEOPLE is expected to surge higher. However, the token might face downturns at some point as the predicted rally might not be without resistance. From a technical point of view, Coin Edition looked at the daily chart.

Using the Supertrend indicator, there was a buy signal at $0.050. As such, if the token drops to this region, it could be a perfect entry point before another leg up. Furthermore, the Awesome Oscillator (AO) was positive, suggesting an increasing upward momentum. Going forward, positions like this might appear again, and PEOPLE’s price might hit $0.20 in 2024.

ConstitutionDAO (PEOPLE) Price Prediction – Resistance and Support Levels

As of this writing, there was strong support at $0.028 which bulls had defended since May 11. This defense has ensured that PEOPLE’s price rises higher with another support appearing at $0.042.

However, resistance at $0.056 once stopped the price from moving high as bears attempted to push the rally back. But bulls were not having any of that as they broke the resistance while pushing PEOPLE to $0.062 within a short period. 

ConstitutionDAO (PEOPLE) Price Prediction 2025

By 2025, PEOPLE’s price might continue to rally as the bull market could be in full force by then. While there might not be exclusive reasons, altcoin dominance might push the price higher and it could hit $0.32 in 2025.

ConstitutionDAO (PEOPLE) Price Prediction 2026

PEOPLE’s price might continue to increase into 2026 despite the prediction that the bull cycle could be nearing its end. As a result, exponential growth might not occur but PEOPLE might hit $0.40.

ConstitutionDAO (PEOPLE) Price Prediction 2027

Like most altcoins, the price of PEOPLE is expected to fall in 2027. The reason for this is that the world could experience global inflation, making it difficult for investors to buy a lot of tokens. As such, the price could be $0.085 in 2027.

ConstitutionDAO (PEOPLE) Price Prediction 2028

By 2028, PEOPLE’s price might recover. This time, the token might not be able to hit its all-time high but could rise to $0.19.

ConstitutionDAO (PEOPLE) Price Prediction 2029

PEOPLE might post another increase in 2029. By this time, the ConstitutionDAO community might have hit millions. As such, demand for the token might increase, and the price could be $0.67.

ConstitutionDAO (PEOPLE) Price Prediction 2030

2030 seems like the year PEOPLE would eventually hit $1. From the look of things, the price of the cryptocurrency might try to test $2. But that might fail. Hence, the price prediction for 2030 could be $1.43. 

ConstitutionDAO (PEOPLE) Price Prediction 2040

Many predictions expect PEOPLE to hit $5 in 2040. However, this does not look attainable. Still, the price would increase, and a target of $3.30 looks likely. 

ConstitutionDAO (PEOPLE) Price Prediction 2050

The price of PEOPLE might eventually hit $5 in 2050 as demand for cryptocurrencies could be intense globally. On average, the price of PEOPLE could be $4.15.

Conclusion

The lack of a specific use case is one of the reasons PEOPLE might struggle in the long term. But in the short term, the price of the token might increase. Also, since the ConstitutionDAO has a growing community, this could help the price evade a collapse. At the same time, development around the project might change anytime, and this could affect the price action.

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